Global Markets Rise on Fed Rate Cut Hopes

Asian markets surged on Thursday, echoing Wall Streets four-day winning streak, as investors anticipate a Federal Reserve interest rate cut in December. Japans Nikkei index soared by 1.2% on news of a $70.5 billion bond issuance to support its economic package. Tech stocks, like SoftBank and Kioxia Holdings, saw significant gains. Chinese markets also rose modestly, despite a slowdown in industrial firm profits. South Koreas Kospi index added 0.7%, following the Bank of Koreas decision to keep its policy rate unchanged. The global market is buoyed by the prospect of lower interest rates, driving investor confidence and stock performance across international markets. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.